Born in Budapest, raised in California. As UCLA senior, brokered $1 million airplane deal for Air New Zealand while juggling economics classes, 2 lifeguarding gigs. With $150,000 savings and a $1.7 million bank loan, started International Lease Finance with fellow Hungarians Louis and Leslie Gonda. Sold airplane leasing firm to AIG for $1.3 billion 1990. AIG stock down 70% in last 12 months; fortune down $1.1 billion. Floated the idea of encouraging AIG to sell off ILFC after insurance giant posted $7.8 billion first-quarter loss. Donates to Stanford, Harvard-Westlake in Beverly Hills, Smithsonian. Flies his own Gulfstream V.
Member of Nominating and Corporate Governance Committee; Member of the Compensation Committee; Lead Director. Chairman and Chief Executive Officer of International Lease Finance Corporation, a wholly-owned subsidiary of American International Group, Inc., which leases and finances commercial jet aircraft worldwide. Mr. Udvar-Hazy has been engaged in aircraft leasing and finance for over 37 years. Mr. Udvar-Hazy is Chairman of the Board of Directors of Air Intercontinental, Inc., an aviation investment company, President and Director of Ocean Equities, Inc., a financial holding company, and Chairman of the Executive Committee of the Board of Directors of Emerald Financial LLC, a real estate investment company.more » « less